The Delhi High Court allowed an application under Section 29A of the Arbitration and Conciliation Act, 1996, extending the time for making an arbitral award by six months from the specified date.
Time for making of the Award extended by a further period of six months with effect from 17.01.2019.
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$~23
versus
INDIA TOURISM DEVELOPMENT CORPORATION & ANR
..... Respondents Through Mr.Sushant Kumar and Ms.shikha Singh, Advs.
CORAM:
HON'BLE MR. JUSTICE NAVIN CHAWLA
O R D E R
% 06.02.2019
I.A. No.1881/2019 (Exemption)
Allowed, subject to all just exceptions.
O.M.P. (MISC.) 3/2019
This petition under Section 29A of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the ‘Act’) has been filed by the parties to the arbitration proceedings seeking extension of time for making of the Arbitral Award by the Sole Arbitrator.
Counsel for the respondents submits that though time could have been mutually extended without intervention of the Court under Section 29A(3) of the Act, the present petition was filed by way of abundant caution.
In view of the above, the time for making of the Award is extended by a further period of six months with effect from 17.01.2019.
The petition is allowed in the above terms with no order as to cost. Dasti.
NAVIN CHAWLA, J
FEBRUARY 06, 2019/Arya
1 issue framed by the court
Whether the court should extend the time for making of the arbitral award under Section 29A of the Arbitration and Conciliation Act, 1996.
1 provisions across 1 enactments
Prerna Marketing Private Limited
India Tourism Development Corporation
Navin Chawla
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
